Quote from jack hershey:
Lets look at the picture. The general trading picture is a range of possible values. Use slow fractals to determine this and keep it is mind. Just like change of state of materials it takes a little more energy to move through that temp value.
Good. Lots of causal factors appear to push values to these support or rsistance levels. Fresh news is a nice one that is usually there. A fast paced trend is the usual result.
I had to force myself today to not just post "Buy" around 11:45. I have a daily channel line from APR and mid May pts 1 and 3. It climbed into view again on Friday.
The market is hammering away with a lot of energy to get through it. this applies to S&P cash and SP03M. This all gives perspective.
On the 5 min we get fast paced trends that run into limiting factors. The result is generally not a symmetric reversal. A hell of a lot of people see "overbought" as a signal to reverse. I do not even see "overbought". When the fast paced trend occurs you see the "entwined picture outside of the 80/20 band.
as you view the trading channel Use the slowest to give you a tape if you are a beginner, if intermediate stick with you stop log fractal recording display.
People who slalom are doing the intermediate thing. Hre they look for the KISS flaw. You all post it. The traverse does not go from right to left. you close the "continuation" drawer and open the reversal drawer and pull out the "Keep me on the right side of the trade tool" It is in the expert partition.
You look at the sequence list and see volume fall, MACD peak (fast), then MACD peak (Slow on xover), the STOC dissappears into 80/20 band. Any and all of these are saying hit the reverse button. it is okay to wait.
if you are a champ or near champ sailor you know in a tacking duel you do not spin the wheel into a tight tack. You ease into the turn to keep hull momentum and minimize the quarter wave going undr the hull transversely. (I tested with the 12 meter fund at davidson Lab in hoboken).
you will be able to creme on reverses soon. This is the slalom first tack. I have set you on 5 min
you can go to 1 min and then the 14,1,3 will work over shorter real time period and keep the relativiety working 5 times better than 5 min. This is a waveform time constant issue we are eliminating.
As long as you are in the first segment of CCC you slalom (congestion segment). you keep on the right side of whatpeople who screw up call whipolash and chop here. They did not tack out of fast paced trend into "change" modus with a reversal. You can see right here and now that you are different and you are in the 10% group and actually you are shaving stuff off othr 10% guys.
each segment of CCC is in a different cell. the transition through CCC is a slow one. and you will see that you can stay on the right side by reversing and continuing to take profits. the money velocity is fastest in the middle where the indicator lines are going through the neutral and 50% this is the time to stay relaxed. Check to see that your breathing is deep and not shallow. Sit up and let shackras be filtering between them. Fart if necessary.
As the money velocity slows you are coming into a tack. when the tacks have the same spacing (they will) you are grooving making money.
This is different than most methods. You are getting depth here as well as a breadth you deserve by now. So take deep breadths. Association works.
when you see volume dropping below any mid levels be perpared to slaom to the sidelins as the MACD lines merge and damp to the neutral. STOC keeps at it because it is relatavistic.
you are going to do this over and over. Days ago you saw some here taking more profits per day on doing other stuff better.
I used to go out and single hand my shields boat at Larchmont on thursdays. I always did 30 spinnaker jibes from behind the mast just for the heck of it. naturally in the Eastrn men's championship boat 12 had the best racing record in the round robin. Why? it was because of the way I tuned the boat (we left it tuned as a personal crew rule. boat 12 may still be at the merchant Marine academy..lol
you are getting calibrated and tuned by my pulling on you to get you to a more conscious state.
Okay the convergence is visible. The bunny is winding dowm. you leave when it raches a high noice level. Not much signal being ground through the indicator maths.
you go to the final tools in the "change" drawer after you put away the slaom tools.
CCC is a long winded failure to breakout of S/R levels. So you anticipate a BO. ither it is a BO away from the extremes or it is another "push" to go to new ground. we do not care. No dumb, stupid, inane guessing. Just get out the "bracket" stuff and place it and wait for a successful BO or a beginning and then a slalom on the "failure" to BO. We have all bases covered in any event.
You will see how it all works before Labor day.
